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Savers 'prefer to put their money in British banks'

16 August 2021
Research has revealed that savers would rather keep their money with a British-owned bank for greater peace of mind, with 67% of people stating they'd prefer to hold their savings with a 'British household name', This is Money reports. ... read more »

Are fraud fears holding back contactless payments?

15 August 2021
Contactless payments have been touted as one of the biggest advancements in banking technology over the last year or two - promising to speed up payments for purchases up to £20. So why hasn't it truly taken off yet? ... read more »

What makes a good student bank account?

14 August 2021
The Telegraph reports that there's been a drop in 'fresher freebies' - i.e. expensive incentives that banks use to try and persuade students to open a bank account with them. Banks know - or think that they know - that once they've got a student as a customer, they're likely to have them for life. ... read more »

New Barclays chairman supports charging for bank accounts 'in principle'

13 August 2021
Sir David Walker, the newly appointed chairman of Barclays, has told The Sunday Telegraph that 'in principle' he supports charging for bank accounts and other banking services. ... read more »

High street retailer catches onto contactless payments

10 August 2021
Marks and Spencer, the high street knickers and sandwich specialists, are rolling out contactless payment terminals across 25 London stores and some of its food outlets following a successful trial, according to The Guardian. ... read more »

2021 growth forecast 'close to zero', Bank says

9 August 2021
As the double-dip recession continues to put pressure on the economy, the Bank of England has slashed its growth forecast for 2021 to almost zero, despite May's prediction of 0.8% growth, the BBC reports. ... read more »

Overdraft rates 'higher than before the credit crunch'

8 August 2021
The average interest rate on an authorised overdraft is higher than before the credit crunch, according to research by Moneyfacts. ... read more »

How are 30,000 customers around the world using their banks?

7 August 2021
A major survey by Ernst & Young has shown patterns of behaviour in nearly 30,000 banking customers worldwide. ... read more »

Kids: 75% have their own bank account

6 August 2021
The next generation of adults already knows a thing or two about money, a recent survey indicates. It seems three quarters of children already have a bank account - and over four in five have put money into their account at least once over the last twelve months. ... read more »

Why aren't 80% of UK smartphone users 'embracing' mobile banking?

3 August 2021
51% of UK respondents to a Firstsource Solutions survey said that their main mobile phone was a smartphone. Among 18-24 year olds, this rose to 74%, and the figure fell to 29% for over 55s. ... read more »

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